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May 02, 2020
Daktronics Q4 2020 Earnings Report
Daktronics reported a decrease in net sales and an improved operating loss for Q4 2020.
Key Takeaways
Daktronics reported a decrease in Q4 net sales to $126.1 million, with an improved operating loss of $3.5 million and a net loss of $1.1 million. Orders decreased by 9.4 percent compared to the same quarter last year. The company experienced growth in Live Events, High School Park and Recreation, and Transportation business units, while Commercial and International units saw declines.
Q4 net sales decreased by 1.3% year-over-year to $126.1 million.
Operating loss improved to $3.5 million, compared to $10.3 million in Q4 2019.
Gross profit margin increased to 22.7% from 19.1% in the prior year.
Orders decreased by 9.4% year-over-year, with growth in Live Events, High School Park and Recreation, and Transportation business units offset by declines in Commercial and International.
Daktronics
Daktronics
Daktronics Revenue by Segment
Revenue by Segment
Commercial Revenue
CapyFin.comLive Events Revenue
CapyFin.comHigh School, Park & Rec Revenue
CapyFin.comTransportation Revenue
CapyFin.comInternational Revenue
CapyFin.com Forward Guidance
The market's increasing adoption and use of digital solutions, along with new technology releases, cause us to remain positive on the overall future of our business and growth in the industry.
Positive Outlook
- Increasing adoption and use of digital solutions
- New technology releases
- Positive outlook on the overall future of the business
- Expected growth in the industry
Revenue & Expenses
Visualization of income flow from segment revenue to net income